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Independent Oil Gas

Independence Energy Corporation (QEGY) is a public company that operates in the independent oil and gas industry in the United States. The company is focused on the acquisition and development of oil and gas properties in the U.S.

As for the company's financials, here are some key points to consider:

1. Revenue: For the fiscal year ended December 31, 2020, the company reported total revenues of $4.34 million, representing a significant increase from the $1.13 million in revenues recorded in the previous year.

2. Net Loss: Despite the increase in revenues, the company reported a net loss of $5.15 million for the fiscal year ended December 31, 2020, which is a slight improvement from the net loss of $6.56 million reported in the previous year.

3. Earnings Per Share: The company reported a basic and diluted loss per share of $0.05 for the fiscal year ended December 31, 2020, compared to a loss per share of $0.08 in the previous year.

4. Cash and Cash Equivalents: As of December 31, 2020, the company had cash and cash equivalents of $2.79 million, which is slightly higher than the $2.16 million reported as of December 31, 2019.

5. Total Assets and Liabilities: As of December 31, 2020, the company had total assets of $20.41 million and total liabilities of $10.77 million, resulting in shareholder equity of $9.64 million.

As for the company's growth prospects, here are some factors to consider:

1. Exploration and Production: The company's primary focus is on the exploration and production of oil and gas properties, which provides significant growth potential in the long term.

2. Strategic Acquisitions: The company has a history of making strategic acquisitions, which can help drive future growth and increase shareholder value.

3. Market Conditions: The overall market conditions in the oil and gas industry can significantly impact the growth prospects of Independence Energy Corporation. Favorable market conditions, such as rising oil and gas prices, can provide a significant boost to the company's growth prospects.

It is important to note that investing in the stock market always carries risks, and past performance is not indicative of future results. Investors should conduct their own due diligence and carefully consider their risk tolerance before making any investment decisions.